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LA Fitness 6107 N Broadway St 22,000 SF Retail Building Chicago, IL 60660 $7,714,000 ($350.64/SF) 7% Cap Rate
Investment Highlights
- Long-Term Single Tenant Net Lease | Fee Simple Ownership | Rental Increases
- Densely Populated and Affluent Trade Area | High Traffic / Excellent Visibility
- Rare Dense Infill Chicago Location
- Credit Tenant | Corporate Lease
- Strategic Retail Corridor Location | Limited Competition
- Major Education Center Proximity
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
22,000 SF
Building Class
C
Year Built/Renovated
1921/2014
Price
$7,714,000
Price Per SF
$350.64
Cap Rate
7%
NOI
$540,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.90 AC
Zoning
B1-3
Parking
69 Spaces (3.14 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Arts, Entertainment, and Recreation
- 22,000 SF
- $29.40
- Double Net
- Jul 2036
LA Fitness began in Southern California in 1984 and grew into a gym and health club chain serving members across the United States and Canada. The company offers a wide range of amenities, including cardio and free-weight equipment, basketball, racquetball, swimming, indoor cycling, personal training, and group fitness, along with newer club features such as contactless check-in and trial access options. LA Fitness positions its clubs around broad fitness support for members of different experience levels and interests, while continuing to expand its network of state-of-the-art facilities.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Arts, Entertainment, and Recreation | 22,000 SF | $29.40 | Double Net | Jul 2036 |
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-05-208-015-0000 | Improvements Assessment | $1,065,022 |
| Land Assessment | $140,625 | Total Assessment | $1,205,647 |
Property Taxes
Parcel Number
14-05-208-015-0000
Land Assessment
$140,625
Improvements Assessment
$1,065,022
Total Assessment
$1,205,647
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Contact the Sale Advisor
LA Fitness | 6107 N Broadway St